empty
 
 
30.01.2025 06:00 AM
Trading Signals for BITCOIN (BTC/USD) for January 30-31, 2025: buy above $105,000 (21 SMA - 5/8 Murray)

This image is no longer relevant

Early in the European session, Bitcoin (BTC/USD) is trading above the psychological level of $100,000 and above the 21 SMA and 200 EMA. The crypto is likely to see an upside move in the coming days and could reach 7/8 Murray at 109,375.

Bitcoin has a bearish trend channel forming since January 19. It is likely that if it consolidates above $105,000, it could extend its bullish movement so that the price could reach 106,250, 109,375 and even 8/8 Murray at 112,500.

On the contrary, if Bitcoin falls below 103,500 or below 5/8 of Murray, we could expect the bearish cycle to resume and the price could reach 102,226 (21 SMA) and even the bottom of the bearish trend channel around 3/8 of Murray located at 96,875.

Bitcoin is at a key point as we could expect a recovery in the next few days and it could reach the $110,000 area. However, in the medium term, Bitcoin is expected to reach the $80,000 level, as technically a strong overbought trend is observed on weekly charts.

Our trading plan for the next few hours is to sell Bitcoin if it breaks below the downtrend channel around $104,000, with targets at 102,200, 100,230 and finally, 96,875.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $10000 más!
    ¡En Enero, sorteamos $10000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback